HONG KONG, Sept 5 Macau casino operator Sands
China Ltd said on Monday the government has granted
150 gaming tables for its $3 billion casino resort, a figure
analysts said will be sufficient to support its revenues in the
world's biggest casino hub.
The allocation had been closely watched after Wynn Macau
Ltd's $4 billion Wynn Palace property, which opened
last month, was also awarded 150 tables. Some industry experts
had questioned whether the government would allocate any tables
at all to the new resort.
Sands' Parisian resort is set to open on Sept. 13, two weeks
after the Chinese gambling territory posted its first positive
monthly year-over-year growth in more than two years.
Sands will open with 100 new table games and receive 25 new
tables in 2017 and a further 25 in 2018, the company said in a
filing to the Hong Kong stock exchange.
Owned by U.S. billionaire Sheldon Adelson's Las Vegas Sands
Corp, the Macau unit has several properties including
the Venetian resort.
Union Gaming analyst Grant Govertsen said any number of
tables above zero was a positive for Sands.
"Given the current state of market-wide demand and the fact
that the Parisian gets 150 tables, the Parisian won't miss a
beat ... " he said.
Sands shares rose 1.4 percent in morning trading, in line
with the benchmark Hang Seng Index up 1.3 percent.
(Reporting by Donny Kwok and Farah Master; Editing by Stephen